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The Inco project will allow developers to create intranet products in Telegram mini-applications securely.
According to the Inco team, developers of a universal privacy layer for Ethereum and other networks, the project partnered with Privy for these purposes.
A few weeks ago, Telegram founder Pavel Durov announced important plans to tokenize functions, distribute advertising revenues with users, and introduce the Tether stablecoin into The Open Network (TON) blockchain.
Inco’s universal privacy will allow developers to create quarantine-free apps and mini-games with hidden information that is still fully verifiable, including prediction markets, card games, and guessing games that will work with crypto wallets. Before this, Telegram mini-apps ran centrally, making them vulnerable to hacking and fraud.
“Telegram reached 900 million users, while Base closed in only 2 million users in 2023 — by enabling the creation of decentralized apps with on-chain confidentiality directly within Telegram, we empower developers to reach millions of new users and drive the growth of the Web3 industry.”
Remi Gai, Inco CEO
Additionally, creating decentralized applications in the form of Telegram mini-applications allows developers to create a consumer-friendly experience and tap into the largest pool of retail users.
At the end of 2022, Durov reported that Telegram may have several decentralized tools for trading and storing cryptocurrency. Since then, the messenger has added many options for cryptocurrency, including the native messenger wallet.
One of the project’s latest initiatives was a campaign from Wallet in Telegram and the TON Foundation. The TON Foundation plans to give away $30 million as part of a USDT staking promotion with 50% interest.